But imputed income is not entirely exempt from federal income taxes. Employees may require an imputed income payroll adjustment. Employees can opt for federal income tax withholding on their imputed income or pay the requisite dues when they file their federal income tax return.
Literally, the thirteen stripes on the flag represent the thirteen original colonies. The fifty stars represent the fifty current states. Figuratively, the flag stands for freedom and democracy. It represents the unity of America, our common cause, and the hope for a better tomorrow.
Quick Answer. The stripes that are present on the flag of the United States are representative of the original 13 colonies that existed in the U.S. The red stripes represent the hardiness and valor that was used to get the U.S. to where it is. The white stripes represent the innocence and purity that exists in the country.